Undervalued Midway Gold Poised To Bounce Back: Financing Arranged And Fast-Tracking Towards Production
- Midway had to suffer a lot from short selling since Q1, 2014, I believe this to be caused predominantly by disappointed investors and interested financing parties.
- The company has excellent projects, and very recently signed a binding letter of agreement for debt financing for the last part of necessary Pan Project capex.
- This capex was recently reduced by switching to contract mining, improving the case for Pan even more.
- Barrick recently announced the 2014 Spring Valley budget of $13.3M, to take the project to a Pre Feasibility Study and upgrade resources soon.